CTS 2010 Standard Cheque

Cheque Truncation System (CTS) or Image-based Clearing System (ICS), in India, is a project undertaken by the Reserve Bank of India – RBI, for faster clearing of cheques.CTS is basically an online image-based cheque clearing system where cheque images are captured at the collecting bank branch and transmitted electronically.

1. Branch address with IFSC code printed top of the cheque
2. Date in dd/mm/yyyy format with boxes
3. Printers name with CTS-2010 in left side of cheque
4. A pantograph which shows VOID/COPY while taking photocopy of the cheque below the account number
5. New rupee symbol instead of bilingual format
6. “Please sign above” is mentioned on bottom right of the cheque
7. Watermark “CTS INDIA” to be visible cheque is held against any light.
8. Ultra Violet logo of Bank printed at upper left corner of cheque to be visible in UV lamps

How does CTS 2010 affect customers

• If you have issued post-dated cheques (PDCs)(say for your home or auto loan EMIs), you will have to issue fresh cheques.
• If you have opted for the ECS (electronic clearing system) mode the new system will not impact you.
• For issuing cheque after Mar 31 2013 you need cheques which are CTS-2010 compliant.